Join the downtown redevelopment revolution.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.